According to the Financial Statements Module,

1. Prepare a Balance Sheet and an Income Statement with the following information.

2. Calculate 

i. current ratio

ii. Acid test

iii. Debt Ratio

  

Inventory.... General and administrative expense.. 850 Common stock.. Cash.. Operating Expenses... Notes payable. Interest expense... Accounts payable.. 45,000 ********* Depreciation Expense .500 Net Sales. Accounts receivable. Long-term debt.. Cost of goods sold... ..900 16,550 1,350 ..5,750 ..600 4,800 ...9,600 12,800 $6,500 55,000